By Greg Morcroft
NEW YORK (MarketWatch) -- U.S. stock futures fell sharply after the latest non-farm payrolls reports showed a slower employment recovery than expected. The U.S. economy added jobs at a slower pace in June than in May, suggesting that the sudden slowdown in the economy might be longer-lasting and more severe than feared. Nonfarm payrolls rose by only 18,000 in June, well below the 125,000 gain expected by economists surveyed by MarketWatch. Dow futures fell more than 100 points after the report, or about 0.9%. S&P 500 futures fell 1.2% while Nasdaq Composite futures dropped 0.9%.
